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Fast-start finance to address climate change: what we know at the mid-point


Hörnlein, Lena; Stadelmann, Martin; Brown, Jessica (2011). Fast-start finance to address climate change: what we know at the mid-point. ODI working and discussion papers 2011, University of Zurich.

Abstract

The 2009 Copenhagen Accord includes a collective pledge by industrialised countries to provide ‘new and additional resources, including forestry and investments through international institutions, approaching $30 billion for the period 2010-2012. The allocation of these new resources is to be balanced between adaptation and mitigation’ (UNFCCC, 2009). These resources are commonly called ‘fast-start finance’ (FSF). As fast-start finance is seen as a testing ground for longer-term arrangements for climate finance, it is important to explore how this funding has been used to date and what lessons should be drawn for the future.
This Background Note looks at how FSF promises have been implemented in practice. We begin by providing an overview of the knowledge on FSF as of June 2011, roughly halfway through the 2010-2012 period. We analyse funding volumes, the mitigation-adaptation balance, the grant-loan share and the proportion of multilateral and bilateral channels. We then go on to focus on governance, transparency, and sources of finance.

Abstract

The 2009 Copenhagen Accord includes a collective pledge by industrialised countries to provide ‘new and additional resources, including forestry and investments through international institutions, approaching $30 billion for the period 2010-2012. The allocation of these new resources is to be balanced between adaptation and mitigation’ (UNFCCC, 2009). These resources are commonly called ‘fast-start finance’ (FSF). As fast-start finance is seen as a testing ground for longer-term arrangements for climate finance, it is important to explore how this funding has been used to date and what lessons should be drawn for the future.
This Background Note looks at how FSF promises have been implemented in practice. We begin by providing an overview of the knowledge on FSF as of June 2011, roughly halfway through the 2010-2012 period. We analyse funding volumes, the mitigation-adaptation balance, the grant-loan share and the proportion of multilateral and bilateral channels. We then go on to focus on governance, transparency, and sources of finance.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Language:English
Date:2011
Deposited On:23 May 2019 10:45
Last Modified:28 Oct 2019 08:28
Series Name:ODI working and discussion papers
Number of Pages:8
ISSN:1756-7610
OA Status:Green
Free access at:Official URL. An embargo period may apply.
Official URL:https://www.odi.org/publications/5929-fast-start-finance-address-climate-change-what-we-know-mid-point
Other Identification Number:merlin-id:17779

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